The main details of the new transfer agreement between the EC, Uefa and Fifa.

*In the case of players aged under 23, a system of training compensation should be in place to encourage and reward the training effort of clubs, in particular small clubs.

*Creation of solidarity mechanisms that would redistribute a significant proportion of income to clubs involved in the training and education of a player, including amateur clubs.

*International transfer of players aged under 18 to be allowed subject to agreed conditions. The football authorities will establish and enforce a code of conduct to guarantee the sporting, training and academic education to be provided.

*Creation of one transfer period per season and a further limited mid-season window, with a limit of one transfer per player per season.

*Minimum and maximum duration of contracts of respectively one and five years.

*Contracts to be protected for a period of three years up to 28; two years thereafter.

*The system of sanctions to be introduced should preserve the regularity and proper functioning of sporting competition so that unilateral breaches of contract are possible only at the end of a season.

*Financial compensation can be paid if a contract is breached unilaterally, whether by the player or the club.

*Proportionate sporting sanctions to be applied to players, clubs or agents in the case of unilateral breaches of contract without just cause, in the protected period.

*Creation of an effective, quick and objective arbitration body with members chosen in equal numbers by players and clubs and with an independent chairman.

*Arbitration is voluntary and does not prevent recourse to national courts.